Acacia CEO Vella plays down effect of recent and pending fee shifting rulings against Acacia units

Acacia Research Corp. (ACTG) CEO Matthew Vella played down the implications of a recent ruling by the U.S. Court of Appeals for the Federal Circuit affirming a federal court ruling awarding NetApp Inc. $1.4 million in exceptional cases fees against Acacia unit Summit Data Systems LLC. In the Summit case, the Acacia unit was forced [...]

By | October 23rd, 2015|Patent Investing|Comments Off on Acacia CEO Vella plays down effect of recent and pending fee shifting rulings against Acacia units

Mangrove leverages work of others to win reviews of VirnetX patents as PTAB rejects manipulation allegations

Mangrove Partners, the hedge fund run by Nathaniel August, succeeded in winning institution of two IPRs before the Patent Trial and Appeal Board on Oct. 7 to review the validity of patents held by VirnetX Holdings Corp. (VHC), something New Bay Capital LLC, Apple Inc., Microsoft Corp. and RPX Corp. (RPXC) failed to do. Indeed, [...]

By | October 23rd, 2015|Patent Investing|Comments Off on Mangrove leverages work of others to win reviews of VirnetX patents as PTAB rejects manipulation allegations

(Update1) Unwired Planet’s board forms new strategic committee to be led by Mast Capital’s Peter Reed

Unwired Planet Inc. (UPIP) the patent licensing company run by CEO Boris Teksler, today said its board formed a new strategic committee to be led by Peter Reed, the managing director of Mast Capital Management LLC. Reno, Nevada-based Unwired said the strategic committee is comprised of Reed, Teksler and Richard S. Chernicoff. Boston-based Mast Capital, [...]

By | October 23rd, 2015|Patent Investing|Comments Off on (Update1) Unwired Planet’s board forms new strategic committee to be led by Mast Capital’s Peter Reed

(Update2) Acacia posts wider loss on lower than expected revenue, shares slide after hours

Acacia Research Corp. (ACTG), the patent licensing company run by CEO Matthew Vella, posted a wider net loss in the third quarter of 2015 on lower than expected revenue. The Newport Beach, Calif.-based company said its third quarter net loss widened to $27.3 million, or 55 cents a share, from a loss of $12.4 million, [...]

By | October 22nd, 2015|Patent Investing|Comments Off on (Update2) Acacia posts wider loss on lower than expected revenue, shares slide after hours

Microcap financier Honig warms to MGT Capital a year after souring on patent licensing sector

Microcap financier Barry Honig, who over a year ago swore off investing in patent monetization companies, is back at it again, leading a $700,000 investment in MGT Capital Investments Inc. (MGT), the owner and operator of social and real money gaming sites online and in the mobile space, including MGTplay.com and SlotChamp. Harrison, N.Y.-based MGT [...]

By | October 21st, 2015|Patent Investing, Patent Trolling|Comments Off on Microcap financier Honig warms to MGT Capital a year after souring on patent licensing sector

Shares of Rambus slide 28% as 3rd Qtr revenue and 4th Qtr revenue forecast disappoint investors

Shares of Rambus Inc. (RMBS), the patent licensing company run by CEO Ronald Black, fell more than 28% a day after it posted higher net income that beat the average analyst estimate as investors reacted to lower than expected revenue and a lower than expected revenue forecast for the fourth quarter. Rambus shares slid $3.89 [...]

By | October 20th, 2015|Patent Investing|Comments Off on Shares of Rambus slide 28% as 3rd Qtr revenue and 4th Qtr revenue forecast disappoint investors

Inventergy issues more than expected common shares under preferred share exchange

Inventergy Global Inc. (INVT), the patent licensing company run by CEO Joe Beyers, said it issued 5.9 million shares of common stock to holders of Series A-1, Series A-2, and Series B preferred stock as part of a previously announced exchange designed to simplify the company's share structure. The Campbell, California-based company previously said the [...]

By | October 20th, 2015|Patent Investing|Comments Off on Inventergy issues more than expected common shares under preferred share exchange

Vringo seeks emergency motion to compel ZTE to disclose info shared with Google, Huawei

Vringo Inc. (VRNG), the patent licensing company locked in a multi-jurisdictional infringement war with ZTE Corp., has asked a federal judge in their breach of nondisclosure agreement case to order the Chinese telecommunications company to turn over documents ZTE shared with competitors Google Inc. and Huawei. The request was made in an emergency motion to [...]

By | October 20th, 2015|Patent Investing|Comments Off on Vringo seeks emergency motion to compel ZTE to disclose info shared with Google, Huawei

(Update1) PTAB hands Bass and Spangenberg third defeat in IPR to invalidate Jazz Pharmaceuticals’ Xyrem

The Patent Trial and Appeal Board handed J. Kyle Bass and Erich Spangenberg’s Coalition for Affordable Drugs a third defeat in denying a petition to institute an inter partes review of a patent for the narcolepsy drug Xyrem, which is owned by Jazz Pharmaceuticals. The decision to deny the petition was announced on Thursday, Oct. [...]

By | October 19th, 2015|Patent Investing|Comments Off on (Update1) PTAB hands Bass and Spangenberg third defeat in IPR to invalidate Jazz Pharmaceuticals’ Xyrem

(Update3) Spherix reaches settlement with Huawei for a $295,000 license

Spherix Inc. (SPEX), the patent licensing company run by CEO Anthony Hayes, said it reached a settlement of litigation with Huawei and that the Chinese telecommunications company has taken a license for $295,000. According to a filing with the Securities and Exchange Commission, the agreement provides Huawei with a fully paid-up, non-exclusive, irrevocable, worldwide license [...]

By | October 19th, 2015|Patent Investing|Comments Off on (Update3) Spherix reaches settlement with Huawei for a $295,000 license